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Freddie Mac’s (OTCQB:FMCC) mortgage portfolio advanced at an annualized rate of 3.7% in August to $3.46 trillion, outpacing the 1.2% pace recorded in July, the company said in its earnings summary. monthly volume published on Tuesday.
So far this year, the portfolio has grown at an annualized growth rate of 1.5%.
The volume of single-family refinance loan purchases and guarantees amounted to $3.1 billion at the end of August, representing 10% of total single-family mortgage portfolio purchases and issuances.
Its single-family delinquency rate of 0.55% fell from $0.56 in the prior month, while its multifamily delinquency rate of 0.25% increased from 0.23%.
As of August, Freddie Mac’s (OTCQB:FMCC) maximum exposure to guarantees issued by Fannie Mae that were included in resecuritizations issued by Freddie Mac was approximately $113 billion.
